Saturday, July 15, 2017

Making large debt payments to the rich

WASHINGTON (AP) -- The White House Budget Office says the budget deficit is going to be larger than expected this year by $99 billion.The Office of Management and Budget points to worsening tax revenues to explain why its forecast two months ago is off the mark. The budget deficit is now expected to be $702 billion this year. Last year's deficit registered $585 billion.

This is a 20% increase in one month of one budget and it was no accounting trick. Senators will actually have to scrounge around to find the 99 billion the little brown entitlement slaves owe rich people. Why the sudden increase? Mostly student debt gone bad that is insured by government. Who is ripping off the little browns? Obama, Jerry Brown, Cuomo; all of whom have pushed for more student loans.